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FIGURE 1. Reference scenario. Are represented, for all production systems, the fish yield (KTons); the fish stock (KT); the fishing capacity (m3); the effective effort (m3); the profit of the fishing sector (dollars); and the mean observed prices (dollars/ton).

FIGURE 2. Limitation of catches at 11% of carrying capacity. Are represented, for all production systems, the fish yield (KTons); the fish stock (KT); the fishing capacity (m3); the effective effort (m3); the profit of the fishing sector (dollars); and the mean observed prices (dollars/ton).

FIGURE 3. Limitation of catches at 11% of carrying capacity.

FIGURE 4. Ten percent per year increase in carrying capacity.

FIGURE 5. Ten percent per year increase of petrol prices.

FIGURE 6. Effects of an El Niño of intensity 70%.

FIGURE 7. Effects of both (1) a 10% per year increase in carrying capacity and (2) a 4% per year increase of the intensity of demand.

FIGURE 8. Effects of both (1) a 10% per year increase in carrying capacity and (2) a 4% per year increase of the flexibility of demand.

FIGURE 9. Effects of both (1) a 10% per year increase in carrying capacity and (2) a 4% per year decrease of the flexibility of demand.

FIGURE 10. Sensitivity analysis. Effects of changes in carrying capacity.

FIGURE 11. Sensitivity analysis. Effects of changes of petrol prices.

FIGURE 12. Sensitivity analysis. Effects of changes of demand.

FIGURE 13. Sensitivity analysis. Impact of El Niño events. Resulting values of yield, stock, fishing capacity, profit, and prices for drop of stock in Chile and Peru at levels of 0%, 8%, ..., 80%.

FIGURE 14. Sensitivity analysis. TAC.

FIGURE 15. Sensitivity analysis. Recruitment variability.

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Please note: Wiley Blackwell is not responsible for the content or functionality of any supporting information supplied by the authors. Any queries (other than missing content) should be directed to the corresponding author for the article.